Prospect Capital Corporation
US ˙ NasdaqGS ˙ US74348T1025

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brian H Oswald. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Brian H Oswald has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:PSEC / Prospect Capital Corporation CFO, CCO, TREASURY & SECRETARY 575,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Brian H Oswald. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases PSEC / Prospect Capital Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PSEC / Prospect Capital Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2017-11-10 PSEC OSWALD BRIAN H 500 5.7400 500 5.7400 2,870 293 7.5800 920 32.06
2017-11-10 PSEC OSWALD BRIAN H 34,500 5.7500 34,500 5.7500 198,375
2017-09-01 PSEC OSWALD BRIAN H 3,373 6.6900 3,373 6.6900 22,565
2017-09-01 PSEC OSWALD BRIAN H 46,627 6.7300 46,627 6.7300 313,800
2017-05-12 PSEC OSWALD BRIAN H 4,453 8.0500 4,453 8.0500 35,847
2017-05-11 PSEC OSWALD BRIAN H 5,000 8.1000 5,000 8.1000 40,500
2017-05-11 PSEC OSWALD BRIAN H 5,547 8.0500 5,547 8.0500 44,653
2017-03-20 PSEC OSWALD BRIAN H 25,000 9.3100 25,000 9.3100 232,750
2016-12-14 PSEC OSWALD BRIAN H 5,000 8.1800 5,000 8.1800 40,900
2016-09-13 PSEC OSWALD BRIAN H 4,000 7.8500 4,000 7.8500 31,400
2016-09-12 PSEC OSWALD BRIAN H 1,000 7.8500 1,000 7.8500 7,850
2015-12-14 PSEC OSWALD BRIAN H 10,000 6.3000 10,000 6.3000 63,000
2015-12-09 PSEC OSWALD BRIAN H 25,000 6.7700 25,000 6.7700 169,250
2015-06-09 PSEC OSWALD BRIAN H 65,000 7.2700 65,000 7.2700 472,550
2014-12-09 PSEC OSWALD BRIAN H 63,500 8.3459 63,500 8.3459 529,965
2014-12-02 PSEC OSWALD BRIAN H 162,500 9.1245 162,500 9.1245 1,482,731
2014-08-27 PSEC OSWALD BRIAN H 1,000 10.4500 1,000 10.4500 10,450
2014-08-27 PSEC OSWALD BRIAN H 26,300 10.4000 26,300 10.4000 273,520
2014-06-12 PSEC OSWALD BRIAN H 30,000 10.2500 30,000 10.2500 307,500
2013-06-20 PSEC OSWALD BRIAN H 21,700 10.4500 21,700 10.4500 226,765
2012-11-16 PSEC OSWALD BRIAN H 18,860 10.1500 18,860 10.1500 191,429
2012-11-16 PSEC OSWALD BRIAN H 640 10.1400 640 10.1400 6,490
2012-09-07 PSEC OSWALD BRIAN H 148 11.7300 148 11.7300 1,736
2012-09-06 PSEC OSWALD BRIAN H 23,352 11.6900 23,352 11.6900 272,985

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

PSEC / Prospect Capital Corporation Insider Trades
Insider Sales PSEC / Prospect Capital Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in PSEC / Prospect Capital Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

PSEC / Prospect Capital Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Brian H Oswald as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2017-11-14 2017-11-10 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 34,500 575,000 6.38 5.75 198,375 3,306,250
2017-11-14 2017-11-10 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 500 540,500 0.09 5.74 2,870 3,102,470
2017-09-06 2017-09-01 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 46,627 540,000 9.45 6.73 313,800 3,634,200
2017-09-06 2017-09-01 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 3,373 493,373 0.69 6.69 22,565 3,300,665
2017-05-16 2017-05-12 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 4,453 490,000 0.92 8.05 35,847 3,944,500
2017-05-15 2017-05-11 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 5,547 485,547 1.16 8.05 44,653 3,908,653
2017-05-15 2017-05-11 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 5,000 480,000 1.05 8.10 40,500 3,888,000
2017-03-22 2017-03-20 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 25,000 475,000 5.56 9.31 232,750 4,422,250
2016-12-30 2016-12-30 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		G - Gift -6,000 450,000 -1.32
2016-12-23 2016-12-21 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		G - Gift -29,000 456,000 -5.98
2016-12-14 2016-12-14 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 5,000 485,000 1.04 8.18 40,900 3,967,300
2016-09-15 2016-09-13 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 4,000 480,000 0.84 7.85 31,400 3,768,000
2016-09-14 2016-09-12 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 1,000 476,000 0.21 7.85 7,850 3,736,600
2015-12-16 2015-12-14 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 10,000 475,000 2.15 6.30 63,000 2,992,500
2015-12-10 2015-12-09 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 25,000 465,000 5.68 6.77 169,250 3,148,050
2015-06-11 2015-06-09 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 65,000 440,000 17.33 7.27 472,550 3,198,800
2014-12-11 2014-12-09 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 63,500 375,000 20.39 8.35 529,965 3,129,712
2014-12-04 2014-12-02 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 162,500 311,500 109.06 9.12 1,482,731 2,842,282
2014-08-29 2014-08-27 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 26,300 149,000 21.43 10.40 273,520 1,549,600
2014-08-29 2014-08-27 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 1,000 122,700 0.82 10.45 10,450 1,282,215
2014-06-16 2014-06-12 4 PSEC PROSPECT CAPITAL CORP
Common Stock 		P - Purchase 30,000 121,700 32.72 10.25 307,500 1,247,425
2013-06-24 2013-06-20 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 21,700 91,700 31.00 10.45 226,765 958,265
2012-11-20 2012-11-16 4 PSEC PROSPECT CAPITAL CORP
Common Stock 		P - Purchase 640 70,000 0.92 10.14 6,490 709,800
2012-11-20 2012-11-16 4 PSEC PROSPECT CAPITAL CORP
Common Stock 		P - Purchase 18,860 69,360 37.35 10.15 191,429 704,004
2012-09-10 2012-09-07 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 148 50,500 0.29 11.73 1,736 592,365
2012-09-10 2012-09-06 4 PSEC PROSPECT CAPITAL CORP
COMMON STOCK 		P - Purchase 23,352 50,352 86.49 11.69 272,985 588,615
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)